Zhaocaibao is a financial information service platform independently operated by Shanghai Zhaocaibao Financial Information Service Co., Ltd. Banks, insurance companies, fund companies and other financial institutions can publish their legally established and managed low-risk wealth management products with fixed term and stable income through Zhaocaibao platform, and users can get simple, fast, safe and assured regular wealth management services at Zhaocaibao.
At present, there are three main types of products on the platform: SME loans, fund products and insurance products.
There is a guarantee mechanism behind every transaction of loan products issued by small and medium-sized enterprises or individual financiers.
The borrower returns the principal and income to the investor at the agreed rate of return when the financing expires, and the funds generally reach the lender's account within 1-3 working days after the loan expires.
If the borrower fails to pay the due principal and income, the agreed financial institution or large-scale guarantee institution shall provide the principal and income guarantee.
After the personal loan wealth management product expires, the funds will be automatically transferred to the investor's Yu 'ebao account. If it is stolen, Zhongan Insurance will pay in full.